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A decade of trade: 2009 — 2019

How have the constituents of the HANG SENG 50 fared over the past 10 years? Explore the chart below to separate the stalwarts and fast growers from the cyclicals and turnarounds.

Hang Seng index (HSI) is highly impacted by both the global financial market and China mainland market. This reflects Hong Kong (where the index is quoted)’s role as a bridge between the world and China. An example is the impact of the US-China trade war: In June 2018, HSI broke below the range that it held for two months, amid dimmed hope for a deal to avoid tariffs. The influence of China’s domestic market on HSI has seen increased over the past decade as well. In 2012, the maximum amount of individual stocks included in HSI has expanded to 50, from 33 when it was first quoted in 1964. A large amount of these stocks are Chinese mainland companies’ stocks listed in Hong Kong Stock Exchange, such as Tencent added in 2008, Geely Auto added in 2017 and CSPC PHARMA added in 2018.

HANG SENG 50: 2009 — 2019

Graph shows HANG SENG 50 performance year on year over the past decade. Additional companies can be added to the chart using the search facility and filters below.

A decade of trade

Jingyi Pan

Jingyi Pan

Market Strategist, IG group

The Hang Seng, one of the most widely-quoted indexes in Asia, typically moves about a couple of hundreds of points a day, which makes it popular with traders. It also offers exposure to some of the largest Chinese companies such as Tencent Holdings, and you can access the 50 largest companies on the Hong Kong Stock Market all at once.

The Hang Seng rose past the 10,000 mark in 1993 but then took almost 13 years more to cross 20,000. The index fell sharply in 2008 as the global financial crisis hit stocks across the globe, but it recovered and first touched the 30,000 mark in October 2017. In the past twenty years, 1999 was the best year for the index with a 68.8% gain, while 2008 was its worst year with a 48.3% decline.

More recently, the index has been impacted by the US-China trade war. This is no surprise given proximity to China and the number of Chinese companies in the index. On the back of the tariffs war between US and China, the HSI gave up 13.6% in 2018, but it also made a strong comeback in the first two months of 2019, jumping 8.1% and 2.5% in January and February, respectively. As prices head towards the 30,000 mark once again, the Hang Seng would likely be the Asian index that would benefit most from a trade resolution.